Niger - Economic development

Government development programs have had three basic aims: first, to diversify production of foodstuffs; second, to develop underground water resources; and third, to develop and improve the country's infrastructure. France is the leading bilateral aid donor.

In 2000, the International Monetary Fund (IMF) approved a three-year $76 million Poverty Reduction and Growth Facility (PRGF) Arrangement for Niger, to support the government's economic reform and poverty reduction program. The World Bank, Paris Club creditors, and the African Development Bank have provided assistance to the country under the Heavily Indebted Poor Countries (HIPC) initiative. Niger has enacted revisions to the investment, petroleum, and mining codes, with attractive terms for investors. The country depends upon foreign direct investment for economic development. As of 2002, five of twelve state-owned enterprises scheduled for privatization had been sold to private hands.

Also read article about Niger from Wikipedia

User Contributions:

Comment about this article, ask questions, or add new information about this topic: